Owner of Zara Inditex plans to close some stores in Russia
02.06.2022 5027

Owner of Zara Inditex plans to close some stores in Russia

The Spanish Inditex, which owns the brands Zara, Massimo Duty, Pull and Bear, Oysho, Bershka, Stradivarius, intends to abandon some stores in Russia in order to optimize its retail network. Despite the fact that the company announced the suspension of activities in Russia, there is no talk of a complete withdrawal from the market, writes Izvestia.

About plans to close some retail outlets, the company notified the owners of shopping centers in which the stores that are supposed to be closed were located. "Izvestia" refers to the information of companies in the retail real estate market. According to sources, at least 50 retail outlets may stop working.

The Inditex holding tells its partners that they intend to optimize their business in Russia, that is, to close potentially inefficient stores, for example, if they operate with a small turnover and within a radius of several kilometers from each other. Experts suggest that many foreign retailers who have suspended work in the Russian Federation will follow the same path.

 

 

The Spanish Inditex, which owns the brands Zara, Massimo Duty, Pull and Bear, Oysho, Bershka, Stradivarius, intends to abandon some stores in Russia in order to optimize its retail…
5
1
Rating

Latest News

Asics Corp. wants to spin off Onitsuka Tiger's business into a separate entity

Japanese group Asics Corp. has decided to transform its Onitsuka Tiger business into a franchise model following four consecutive years of record profits. The new organizational structure will streamline decision-making and strengthen competitiveness…
11.06.2026 445

France continues to fight Chinese retailer Shein

French authorities have fined Chinese retailer Shein €22 million for consumer protection violations over issues with returns, product information, and order confirmations on the online store.
11.06.2026 409

Garden and vegetable garden footwear released in collaboration with Salomon and Uchi Ryunosuke

Salomon collaborated with Tokyo-based designer Uchida "Uchi" Ryunosuke to create the perfect footwear for the garden. Uchi reimagined the Salomon RX Slide recovery shoe, creating a new design inspired by meditative…
10.06.2026 2764

The PETER KAISER collection will include men's shoes.

German brand PETER KAISER will debut a line of premium men's footwear for the Spring/Summer 2027 season. A private preview of the men's collection took place at the HOUSE OF CAPRICE headquarters in Germany, attended by the brand's partners from around the world. Men's and…
09.06.2026 694

Christian Louboutin's first advertising campaign featuring Jaden Smith has been released.

What happens when you marry the Old and New Worlds, Paris and New York, classics and hip-hop, tradition and modernity, is well illustrated by the first advertising campaign of the French luxury brand Christian Louboutin with the American rap artist Jaden...
09.06.2026 677
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning